Document Type
Article
Publication Title
Mainstreaming Cryptocurrency and the Future of Digital Finance
Abstract
As cryptocurrency (crypto) has become more and more popular, so has crypto-related crime. There has been a lack of academic research on crypto-related crime, but it is becoming more prevalent in the last couple of years. Crypto-related crime became especially significant in the impact it had on victims and the awareness of these crimes in the media and the government in late 2019 and early 2020 as various criminal organizations and criminal opportunities opened up as cryptocurrency became mainstream. The common crimes related to cryptocurrency include fraud, theft, and money laundering. In 2021 estimates of crypto-related crime were estimated to be as high as $14 billion, which is a small fraction of a percent of the cryptocurrency transactions that were around $15.8 trillion in 2021. The purpose of the chapter is to provide a detailed account of the common crypto-related crimes and scams that have occurred and to evaluate the effectiveness of enforcement of these crimes.
First Page
187
Last Page
205
DOI
10.4018/978-1-6684-8368-8.ch008
Publication Date
2023
ISBN
9781668483688
Recommended Citation
Brown, Angelo Kevin, "The Criminal Side of Cryptocurrency" (2023). Faculty Publications. 5.
https://arch.astate.edu/clac-scrim-facpub/5
